T. Rowe Price Ultra Short-Term Bond ETF
$49.73+0.03 (+0.06%)
- 0.17%
- $1.9B
- +4.0%
- 4.37%
- 0.3M sh
- $49.66
- low $49.55high $50.14
The ETF.net TBUX Grade
B
Score 69 out of 100
- 24 of 78
Score 69 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B56 out of 100Rank 31 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 66Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B58 out of 100Rank 16 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C49 out of 100Rank 38 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A83 out of 100Rank 9 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A72 out of 100Rank 23 of 78
Our read on TBUX
BAn actively run cash-plus bond fund that reaches past T-bills into corporate and securitized credit, while the prospectus keeps average effective maturity on a 1.5-year leash. Costs 0.17% and pays monthly.
The fund seeks a high level of income consistent with low volatility of principal value. It invests in a diversified portfolio of shorter-term investment-grade corporate and government securities.
Why people hold it
- At 0.17%, it charges less than the typical ultrashort bond ETF, which matters in a corner of the market where the whole return comes from short-maturity yield.
- The active mandate roams investment-grade corporates, asset-backed paper, bank obligations and mortgage bonds rather than tracking one narrow slice of the short end.troweprice.com
- Prospectus holds dollar-weighted average effective maturity to 1.5 years or less, so rate sensitivity stays short even though an individual bond can run out to five years.troweprice.com
- Income lands monthly, and the fund has grown past the billion-dollar mark into one of the stronger builds in its ultrashort peer group.
Worth knowing
- Index-run rivals cost less: VUSB at 0.10%, SHV at 0.15%. The gap is what an active manager picking the paper costs you.
- Corporate and securitized holdings carry credit risk a Treasury-only fund skips. Everything is investment grade at purchase, but a later downgrade does not force a sale.troweprice.com
- Trading is moderate rather than heavy, so spreads can run wider than the category's busiest names when markets get choppy.
TBUX Holdings
- Bonds
- 660
- 12%
- Treasury Bill 12/26 0.00000
Sectors
- Technology52.7%
- Communication15.2%
- Consumer Discretionary14.3%
- Consumer Staples5.5%
- Health Care5.0%
- Industrials3.5%
- Materials1.3%
- Utilities1.2%
- Energy0.6%
- Financials0.5%
- Real Estate0.2%
Geography
- United States74.55%
- United Kingdom6.82%
- France4.56%
- Canada2.51%
- Spain2.13%
- Luxembourg1.22%
- South Korea1.00%
- Italy0.84%
- 6.37%
TBUX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
TBUX$10,403
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TBUX |
|---|---|
| Year to date | +2.9% |
| 1 month | +0.2% |
| 3 months | +0.8% |
| 1 year | +4.0% |
| 3 years | +5.5% |
| 5 years | +4.1% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TBUX |
|---|---|---|
| 2026 YTD | +2.9% | |
| 2025 | +5.4% | |
| 2024 | +6.4% | |
| 2023 | +6.4% | |
| 2022 | −0.1% | |
| 2021 | −0.2% |
TBUX in the news
TBUX Dividends
- 4.37%
- $2.17
- $0.18 per share
- Monthly
Distribution history
TBUX Risk
- 0.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.63
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −1.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.07
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TBUX Cost
0.17%
TBUX0.17%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
30 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- AFLUDFranklin Ultra Short Bond ETFExpense ratio 0.15%1 year return +3.5%
- ASPTUState Street SPDR Portfolio Ultra Short T-Bill ETFExpense ratio 0.05%1 year return +3.7%
- BSCUSSchwab Ultra-Short Income ETFExpense ratio 0.14%1 year return +3.4%
- BEVSBEaton Vance Ultra-Short Income ETFExpense ratio 0.17%1 year return +4.0%
- BWEEKRoundhill Investments - Weekly T-Bill ETFExpense ratio 0.19%1 year return +3.5%